Universal Service Credit Sample Clauses

Universal Service Credit a. In accordance with MPSERS requirements of either Basic or MIP, each retiring employee has the option of using accumulated sick leave time to purchase Universal Service Credits up to the maximum allowed at the accumulated leave time payout rate. The retiring employee shall initiate the tax deferred purchase process with MPSERS. Upon approval of the application by MPSERS, and pursuant to IRS guidelines, the District will pay the accumulated leave money at the time the retiring employee receives his or her last pay. The amount may be set up as a payroll deduction and forwarded to MPSERS to facilitate this purchase.
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Universal Service Credit. Whenever a bargaining unit member who was hired prior to September 1, 2007, and has at least ten (10) years of service (not including purchased service, service grants or time spent on voluntary unpaid leave) as of January 1, 2008, terminates his/her employment and, at the same time, is eligible to collect an annuity from the MEA/MESSA/MEA-Financial Services Staff Retirement Plan and Trust, that bargaining unit member shall be credited with additional years of Universal Service Credit as follows: Years of Employment Completed with MEA, MESSA, MEA-FINANCIAL SERVICES and/or MEDNA Year(s) of Universal Service Credit At least 15 but less than 20 1 25 or more 3 Whenever a bargaining unit member who was hired prior to September 1, 2007, and has less than ten (10) years of service (not including purchased service, service grants or time spent on voluntary unpaid leave) as of January 1, 2008, terminates his/her employment and, at the same time, is eligible to collect an annuity from the MEA/MESSA/MEA- Financial Services Staff Retirement Plan and Trust, that bargaining unit member shall be credited with one (1) year of universal service credit. All service credit grants provided above are subject to eligibility requirements of the MEA/MESSA/MEA-Financial Services Staff Retirement Plan and Trust, Section 3.03. Bargaining unit members hired after August 31, 2007, shall not be eligible for universal service credit.
Sample 1
Universal Service Credit. In accordance with MPSERS requirements of either Basic or MIP, each retiring employee has the option of using accumulated sick leave time to purchase Universal Service Credits up to the maximum allowed at the accumulated leave time payout rate. The retiring employee shall initiate the tax deferred purchase process with MPSERS. Upon approval of the application by MPSERS, and pursuant to IRS guidelines, the District will pay the accumulated leave money at the time the retiring employee receives his or her last pay. The amount may be set up as a payroll deduction and forwarded to MPSERS to facilitate this purchase.  Accumulated leave time shall end upon termination of employment except when a leave of absence is granted by the Board under the Leave of absence provision of this Agreement.  The payment for accumulated leave days or vacation days if applicable will be placed in a special pay plan 401(a) account if the dollar value of the payment is $500.00 or more. The account is subject to IRS contribution amount limits. The plan will be under the employees name and social security number. The employee may request from the authorized company a distribution in cash or self-direct the investment of their money.  If the dollar value for accumulated leave days and/or vacation days, if applicable, is less than or equal to $499.99, the employee shall receive the payment via the normal payroll process and subject to withholding of all applicable taxes.  For employees who are under age 55 at the time of retirement, and who, prior to their retirement, notify payroll in writing that they will be withdrawing their funds in cash and have received the cash distribution from Valic or other District selected sponsor special pay plan 401(a) account within 90 days of their retirement, the district will provide on a payroll check an additional amount equal to the difference between the tax penalty and the FICA savings.
Sample 1

Related to Universal Service Credit

  • Universal service 1. Each Party has the right to define the kind of universal service obligations it wishes to maintain.

  • Service Credit Time spent on authorized leaves of absence without pay will count towards seniority, including service credit for annual step increases, layoff purposes, and for computing the amount of vacation leave, provided the employee is properly returned to service and is not serving a probationary period. Employees that do not return to service from a personal leave of absence shall not receive service credit for the time spent on such leave.

  • UNIVERSAL SERVICE FUND 54.1 In order to collect the costs of CenturyLink’s contribution to the Federal Universal Service Fund (FUSF) in an equitable manner, CenturyLink’s End Users are charged a Federal Universal Service Charge (FUSC). The only customers who are exempt from paying the FUSC to CenturyLink are those reseller CLECs who themselves contribute to the FUSF, or who otherwise qualify for an exemption under the FCC’s universal service rules. In order to obtain an exemption from paying the FUSC to CenturyLink, CLEC must provide CenturyLink a signed statement certifying that it is reselling the services provided by CenturyLink in the form of telecommunications, and will, in fact, contribute directly to the FUSF. If CLEC does not provide this statement, or otherwise certify that it is exempt from remitting the FUSC, CenturyLink must report the revenues obtained from the provision of service to CLEC as End User revenues for purposes of calculating and reporting FUSC contributions, and CenturyLink shall be entitled to recover from CLEC the resulting FUSF contributions attributable to such revenues, in accordance with Applicable Law.

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Dental Services Plan The Corporation agrees to provide a Dental Plan for the benefit of Regular Full-Time Employees who have completed six (6) months of continuous service and Temporary Full-Time Employees who have completed twelve (12) months of continuous service which provides for the following services:

  • Long Service Leave All employees shall be entitled to long service leave in accordance with the relevant State Legislation. The employer will ensure that any registration necessary for the purposes of portable long service schemes will be undertaken.

  • DEPENDENT PERSONAL SERVICES 1. Subject to the provisions of Articles 16, 18 and 19, salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State.

  • Dental Services The following dental services are not covered, except as described under Dental Services in Section 3: • Dental injuries incurred as a result of biting or chewing. • General dental services including, but not limited to, extractions including full mouth extractions, prostheses, braces, operative restorations, fillings, frenectomies, medical or surgical treatment of dental caries, gingivitis, gingivectomy, impactions, periodontal surgery, non-surgical treatment of temporomandibular joint dysfunctions, including appliances or restorations necessary to increase vertical dimensions or to restore the occlusion. • Panorex x-rays or dental x-rays. • Orthodontic services, even if related to a covered surgery. • Dental appliances or devices. • Preparation of the mouth for dentures and dental or oral surgeries such as, but not limited to, the following: o apicoectomy, per tooth, first root; o alveolectomy including curettage of osteitis or sequestrectomy; o alveoloplasty, each quadrant; o complete surgical removal of inaccessible impacted mandibular tooth mesial surface; o excision of feberous tuberosities; o excision of hyperplastic alveolar mucosa, each quadrant; o operculectomy excision periocoronal tissues; o removal of partially bony impacted tooth; o removal of completely bony impacted tooth, with or without unusual surgical complications; o surgical removal of partial bony impaction; o surgical removal of impacted maxillary tooth; o surgical removal of residual tooth roots; and o vestibuloplasty with skin/mucosal graft and lowering the floor of the mouth. Dialysis Services • The following dialysis services received in your home: o installing or modifying of electric power, water and sanitary disposal or charges for these services; o moving expenses for relocating the machine; o installation expenses not necessary to operate the machine; and o training in the operation of the dialysis machine when the training in the operation of the dialysis machine is billed as a separate service. • Dialysis services received in a physician’s office.

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